GMC LIFE

BUYING A NEW GMC TRUCK OR SUV: HOW MUCH CAN I AFFORD?

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There’s nothing quite like the experience of a new GMC truck or SUV. The convenience of the latest technology. The distinct design of signature lighting. The familiar grip of the steering wheel.

Before you jump into buying mode, however, you may want to balance your dream vehicle with your budget. Ask yourself these four questions:

WHAT DO YOU NEED?

The cargo space and third-row seating of an SUV is perfect for some, while others need a truck that can handle work and play. Either way, you need a vehicle that fits your lifestyle.

The average life of a loan or lease is two to five years. Before you decide, think about how your family may grow or your need for a truck with more torque might change.

HOW MUCH IT WILL COST?

The monthly payment on your vehicle can be one of your biggest expenses. And that’s only part of what you need to keep in mind. Also, remember to account for:

  • Auto insurance
  • Cost of fuel
  • Routine maintenance

Plus, if you opt for an upgraded wheel package or need to fuel up with premium gasoline or diesel, you may encounter higher expenses overall.

Need financing? GM Financial’s online credit application can help you get started.

CAN YOU AFFORD IT?

When all is said and done, you want to be able to afford your vehicle without added stress. To help, you can use this payment calculator and adjust your numbers to work by increasing your down payment or including a trade-in.

If the numbers aren’t quite working, leasing is another option. There are many benefits to leasing, including the possibility of a lower monthly payment and the option to get a new vehicle more often.

WILL YOUR DECISION WORK IN THE LONG RUN?

Sorting out the details can take diligence, but knowing where you stand financially is important. With some planning, you’ll be making memories in your new GMC truck or SUV before you know it. Ready to start shopping? Visit our offers page for the latest deals or go to Shop.Click.Drive. to begin your search.

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